Industry (including construction), value added in Palestine, State of
Palestine, State of: Industry (including construction), value added was 16.3% in 2024. ▼ Falling
Industry (including construction), value added in Palestine, State of, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Palestine, State of recorded 16.3% for industry (including construction), value added in 2024. That is the lowest value across all 31 years on record.
The figure is down 2.5% on the previous year and down 9.6% over ten years.
Over the whole period, industry (including construction), value added in Palestine, State of peaked at 33.1% in 1994 and was at its lowest, 16.3%, in 2024.
Palestine, State of ranks 161st of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Industry (including construction), value added in Palestine, State of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 33.1% | — |
| 1995 | 29.5% | -10.9% |
| 1996 | 26.6% | -9.9% |
| 1997 | 23.2% | -12.6% |
| 1998 | 23.0% | -1.1% |
| 1999 | 24.7% | +7.7% |
| 2000 | 21.5% | -13.1% |
| 2001 | 24.0% | +11.8% |
| 2002 | 20.1% | -16.5% |
| 2003 | 23.2% | +15.6% |
| 2004 | 20.0% | -13.8% |
| 2005 | 21.0% | +5.0% |
| 2006 | 18.4% | -12.5% |
| 2007 | 17.6% | -4.3% |
| 2008 | 17.3% | -1.3% |
| 2009 | 17.6% | +1.3% |
| 2010 | 18.6% | +6.1% |
| 2011 | 18.9% | +1.7% |
| 2012 | 20.2% | +6.9% |
| 2013 | 18.6% | -8.3% |
| 2014 | 18.0% | -3.2% |
| 2015 | 16.4% | -8.6% |
| 2016 | 17.3% | +5.1% |
| 2017 | 19.2% | +11.4% |
| 2018 | 19.3% | +0.3% |
| 2019 | 18.4% | -4.4% |
| 2020 | 17.0% | -7.6% |
| 2021 | 17.7% | +3.9% |
| 2022 | 17.4% | -1.7% |
| 2023 | 16.7% | -4.1% |
| 2024 | 16.3% | -2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.7% | 23.0% | 33.1% | 6 |
| 2000s | 20.1% | 17.3% | 24.0% | 10 |
| 2010s | 18.5% | 16.4% | 20.2% | 10 |
| 2020s | 17.0% | 16.3% | 17.7% | 5 |
Countries ranked near Palestine, State of
More economy & growth data for Palestine, State of
- Foreign direct investment, net outflows (BoP, current US$), gaps 14.66 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 329.83 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 103.37 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0192 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 60.93 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 37.44 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1063 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 337.15 includes gold, current US$ per person (2025)
Frequently asked questions
- What is industry (including construction), value added in Palestine, State of?
- Industry (including construction), value added in Palestine, State of was 16.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Palestine, State of?
- The highest recorded value was 33.1% in 1994.
- What is the lowest industry (including construction), value added recorded in Palestine, State of?
- The lowest recorded value was 16.3% in 2024.
- How does Palestine, State of rank for industry (including construction), value added?
- Palestine, State of ranks 161st out of 209 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Palestine, State of?
- Over the last ten years it is down 9.6%. The long-run trend across the full record is falling.
- Where does this Palestine, State of data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.